MADISON, WI (WTAQ-WLUK) – A new survey of state businesses found economic optimism is dropping.
Wisconsin Manufacturers and Commerce put out its latest Wisconsin Employer Survey.
It found 71% of businesses think Wisconsin’s economy will enter a recession within the next year.
Four-in-10 said they expect a recession before the end of the year.
When asked to rate the state economy, 44% said it was strong, 47% said it was moderate and 9% said it was weak.
“The Wisconsin Employers Survey really shows that while there’s good confidence in the economy currently, there’s some worry as we look forward to the rest of 2022 and into the future,” said Nick Novak of Wisconsin Manufacturers & Commerce Vice President of Communications. “When you’re looking at the data from this survey, it really makes you a little bit concerned about what the economic future is of the state.”
Wisconsin Manufacturers and Commerce puts out the Wisconsin Employers Survey twice a year.
